Results for the first half year Mayr-Melnhof Group
The Mayr-Melnhof Group was again able to successfully hold up its grounds in the first half-year of 2016 facing increasingly challenging overall conditions. Sales as well as profit exceed the previous year's figures. However, visibility of demand on the cartonboard and folding carton markets proved to be increasingly short-term over the first six months. Thus, the overall situation starts to get more challenging.
The division MM Karton succeeded in maintaining the good level of the previous year’s period with a high degree of price discipline and stable volume development. The division MM Packaging recorded solid profit development and the expected growth following the acquisition of a French folding carton group in the fourth quarter of last year.
Owing to a lack of sustained economic impulses for demand with sufficient capacities on the markets, we expect that the pressure on margins will rise. The good results in the first half-year will therefore be a challenge for the second half of the year. However, to secure profitability the best way possible with a consistent price policy, highest efficiency and an optimized product mix remains our target.
Source: www.mayr-melnhof.com